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(MEGASOFT_BE) Megasoft complete technical analysis [charts+indicators] | Buy/Sell Megasoft | (MEGASOFT_BE) share price targets

Complete technical analysis of Megasoft (MEGASOFT_BE) by charts plus indicators, forecast predictions and share price targets for Megasoft (MEGASOFT_BE)

Showing technical analysis as on 2024-11-28 View latest technical analysis

10 day averaged volume of Megasoft is 86415

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	67.81	68.80	68.80	67.10	0.708 times
27 Wed Nov 2024	68.10	68.11	69.65	67.50	0.87 times
26 Tue Nov 2024	69.08	69.49	69.50	68.00	0.502 times
25 Mon Nov 2024	67.69	70.85	70.85	67.50	0.863 times
22 Fri Nov 2024	68.13	67.00	68.70	66.50	0.608 times
21 Thu Nov 2024	67.47	71.45	71.45	67.00	0.988 times
19 Tue Nov 2024	69.84	69.15	71.70	69.15	0.642 times
18 Mon Nov 2024	69.27	71.99	71.99	69.00	0.891 times
14 Thu Nov 2024	71.74	68.40	72.00	68.40	1.37 times
13 Wed Nov 2024	69.83	71.01	72.95	69.80	1.658 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 67.6 as stoploss in an intra day buy trade for a target of 71.54. However, stock will show a bearish move below 67.6.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	47.00
Downside Target	56.65
Downside Target	59.50
Downside Target	61.01
Downside Target	62.50
Downside Target	66.50
Upside Target	70.00
Upside Target	72.39
Upside Target	72.49
Upside Target	75.00
Upside Target	79.00
Upside Target	80.02

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	66.32
Downside Intraday Target	64.84
Upside Intraday Target	70.07
Upside Intraday Target	72.34
Upside Intraday Target	68.59

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	67.81	70.85	70.85	67.10	0.94 times
22 Fri Nov 2024	68.13	71.99	71.99	66.50	0.437 times
14 Thu Nov 2024	71.74	77.95	79.00	68.40	0.344 times
08 Fri Nov 2024	78.19	73.10	80.02	70.00	2.368 times
01 Fri Nov 2024	72.37	65.00	72.39	62.50	0.52 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Megasoft (MEGASOFT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	67.81	71.70	80.02	66.50	1.313 times
31 Thu Oct 2024	68.95	66.00	72.49	61.01	1.173 times
16 Fri Feb 2024	69.55	60.25	75.00	59.50	0.615 times
31 Wed Jan 2024	59.35	68.45	71.00	56.65	1.149 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Megasoft (MEGASOFT_BE)

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Megasoft stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Megasoft in short term but the sell signal is initial and weak.

Megasoft Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Megasoft in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Megasoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 69.13 and Megasoft (MEGASOFT_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Megasoft (MEGASOFT_BE) stock. Volume based technical analysis of Megasoft (MEGASOFT_BE) stock is negative.

Megasoft Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.